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election. and, david stevenson is in san francisco to tell us what he is finding out about the question of turnout, david? >> reporter: the voting booths behind me hera at san francisco city hall are staying busy. ahead of the polls closing at 8:00 this evening. take a look at the video we shot. sanfrancisco has over 503,000 voters. typical turn out here for presidential election is 71%. the elections department says it may be lower this year. half of the mail voters have been returned. but we are seeing people to come to vote in the booths including first-time voters of all ages. >> first time voting. it is very important. i want to vote for this country, the united states. >> it was really exciting and it was -- i was really happy to vote because before i could not vote. so i was just like, asking who are you voting for. now i get to do it. >> reporter: and despite the concerns of the turnout, sap fran has two chosely watched racees and initiatives ranging -- races and initiatives ranging from grocery taxes and the reservoir. the department of elections expects to release results of
presidential campaign behind him, president barack obama used his first major remarks since reelection to dive right into a showdown over the looming fiscal cliff. >> we are serious about about reducing the deficit. we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. >> a group of middle class miles an hours, the president staked his position for crucial negotiations develop the white house and capitol hill. extending a negotiation with both parties meeting with him next friday. they warn the combination of tax cuts set to expire and automatic federal spending cuts poised start kicking in on january 1st could put the country back into a recession if a compromise is not reached. the chief negotiator, house speaker, said on friday that raising taxes is not the answer. >> everyone wants to get our economy moving again. everyone wants more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: without an agreement the average american household
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